92 RECTORY STREET, London East (East L), Ontario, N5Z1Z8
MLS: X12999786 | Business
$259,900
Property Description
LEGAL LICENSED TRIPLEX IN THE CORE OF LONDON - HIGH-YIELD, TURNKEY OPPORTUNITY. This fully legal and licensed triplex delivers immediate cash flow with strong fundamentals and built-in upside, positioned in one of London's most accessible and high-demand rental corridors.Featuring stable, long-term tenants who are cooperative and easy to manage, this asset is ideal for investors seeking reliable income with minimal operational friction. Current rents are: Unit #1 at $1,200/month plus electricity, Unit #2 at $941/month, and Unit #3 at $729/month. A vacant double room in Unit #3 presents an immediate value-add opportunity to increase revenue from day one.Professional property management is already in place and may be retained, offering a seamless, turnkey transition. Rental license documentation is available, providing confidence and compliance for investors.Strategically located near downtown, transit, and key amenities, this property benefits from consistent tenant demand and long-term rental stability.A rare opportunity to acquire a compliant multi-family asset with strong in-place income, operational ease, and clear upside potential in a proven location. Ideal for investors looking to scale their portfolio with a low-maintenance, high-efficiency property. Unit #3 includes a vacant double room, creating immediate upside. Conservative Upside Scenario: Add second room rental (est.): $600/month Projected Monthly Rent: $3,470 Projected Annual Rent: $41,640 Cap Rate (Assuming ~30% expenses typical for triplex) Current NOI: ~$24,108 Current Cap Rate: ~9.3% Pro Forma NOI: ~$29,148 Pro Forma Cap Rate: ~11.2% (id:64974)
Quick Facts
- Property Type: Business
- Bedrooms: None
- Bathrooms: None
- Living Area: 1,800 sq ft (167.2 m²)
- Parking: 8.0 spaces
- Frontage: 41 ft (12.5 m)
Costs
- Annual Taxes: $2,565.00 (2025)
Listing Provided by: CENTURY 21 FIRST CANADIAN CORP
Board: London and St. Thomas Association of REALTORS®
Data provided via CREA DDF®.
Detailed Features
Interior & Systems
- Heating: Forced air, Natural gas
- Cooling: None
Exterior & Construction
- Water: Municipal water
Lot & Land
- Frontage: 41 ft (12.5 m)
- Zoning: R2-2
Community & Neighbourhood
- Neighbourhood: East L
Listing Information
Listing History
MLS listing activity for 92 RECTORY STREET, London East (East L), Ontario, N5Z1Z8 — dates reflect when changes were recorded in the DDF
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92 RECTORY STREET, London East (East L), Ontario, N5Z1Z8